“Our solid performance in North America was offset by continued challenges in Europe,” said Andrew Mason, CEO of Groupon. “Groupon Goods has evolved into a second major category that our customers clearly love. With deals on everything from designer sunglasses to big-screen televisions to most-wanted toys, we think it will be a great gifting destination this holiday season.”

One more thing to keep an eye on: net additions. Is Groupon gaining or losing subscribers? It says its gross additions are up, but because of churn the net additions are not strong, according to Morgan Stanley analyst Scott Devitt.